What Impact Do Student Loans Have on the Economy?

The American government has given the Education Department the mandate to take action if the students do not repay their loans. The organization has the power to garnish salaries, Social Security and refunds from taxation to ensure there is maximum loan repayment.
WASHINGTON – Economists in the world now agree that student debts are slowly becoming a drag on the economy of different countries.  Although having a college-educated employee boosts the overall economy of a nation, th